I looking for the most current summarised CFA level I notes – approx. 300 pages or so in word form. Im Level III candidate but intend to teach Level I after June exams on a full time basis. Looking for someone who has summarised CFA level I word-version notes to start from. Will do my own twist to the notes but they have to be original and free from copyright issues. Will pay handsomely for this. PM me if this interests you.
Would we have to know about the Enron scandal for the exam? It popped up as a practice question on a 2010 mock exam…
How come a reduction in the tax rate would not result in a reduction in the valuation allowance account to deferred tax assets, under US GAAP?
Just wondering how close the topic tests difficulty are to the questions that would occur in the CFA level 1 exam.
I am experiencing confusion with the confidence interval formula. I don’t understand why the sample error is used rather than the population variation. At first i thought it may be because the population variance is unknown however the sample error contains the population standard deviation so the variance would easily be found and therefore known. Does anyone know the difference and why it is used.
Initially it is stated as x+/- stddev * variance.
sometimes as x+/- stddev * sample error
Quantity before and after (respectively):
Price before and after (respectively):
Not sure why the answer would be 0.67 for elasticity of supply, rather than 0.60. Apparently, we are supposed to take the “average” of the price and quantity.
I thought the answer would be (5/25)/(5/15), which provides 0.60, but this is not the answer.
I am struggling with the following concept.
Why are floating rate notes more stable than fixed rate bonds?
My understanding of a fixed rate bond is that the coupon rate does not change and therefore the coupon payment will be the same every time (therefore highly stable.) Surely when the rate is floating then the coupon rate will constantly be unstable. i think I have completely the wrong end of the stick. Any help would be much appreciated.
If investors’ expected future incomes increase and the demand fot financial capital increases, other things equal
A. the equilibrium interest rate will rise
B. the equilibrium interest rate will fall
C. these two factors wil have opposing effects on the equilibrium interest rate.
Correct answer :A
Why A is correct instead of B ?
For question 13.1 why are hedge funds, mutual funds and stock option contracts not classed as ownership in corporations?
13.3 what about CFDs and ETFs, aren’t these created by traders as well?
13.5 what about gold, why isn’t it real as well?
13.6 what about interest rate swaps to hedge interest rate risk?
Schweser claims that the CAPM assumes that all investors who take on risk hold the same risky asset portfolio. I thought the CAPM was used to analyze individual securities or portfolios not the market as a whole? Can someone clarify what this means?